Day after disengagement
Business Standard|November 02, 2024
We talk much about our military but do not put our national wallet where our mouth is. While nobody is saying we double our defence spending, the current declining trend must be reversed
SHEKHAR GUPTA

The India-China LAC disengagement is both a major step forward in the assertion of our national resolve, and a reminder that military capability gaps between India and China have already reached unsustainable levels. These are widening.

The positive outcomes first. It is hugely creditable how Indian troops stood on these heights looking the Chinese in the eye, never flinching. This was also a demonstration that the last decade's flurry of infrastructure-building along Himalayan borders has begun to pay off.

There is no other way India would have been able to move additional forces - including an entire strike corps with its armour and mechanised forces, ammunition and support arms - to these heights in express time. Continuous resupply and maintenance of over 60,000 troops at altitudes ranging from 14,000 to 17,000 feet underlines the brilliant work done by our government, army, engineers and contractors.

Celebrations done, we must prepare for the inevitability of another standoff with the Chinese in the next three to four years. That's been the rinse-repeat pattern since 2013, directly coinciding with the rise of Xi Jinping.

He took power with the resolve to demolish the post-1993 status quo established by a series of agreements aimed at maintaining peace and tranquillity along the LAC or Line of Actual Control. One reason he felt he could afford to do so was the military capability differential that had grown between India and China.

This story is from the November 02, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 02, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

EAM: Committed to fair plan on boundary issue with China

India remains committed to engaging with China to arrive at a fair and mutually acceptable framework for boundary settlement.

time-read
1 min  |
December 04, 2024
Business Standard

Buy on dips, temper return expectations after strong runup

Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 percent from its current level of $2,645, according to a recent report in Business Standard.

time-read
2 mins  |
December 04, 2024
Business Standard

Sebi directs Trafiksol to refund investors' money within a week

The Securities and Exchange Board of India (Sebi) on Tuesday directed Trafiksol ITS Technologies to refund the money paid by investors who had been allotted shares in the initial public offering (IPO).

time-read
1 min  |
December 04, 2024
APSEZ to ride volume, market-share wave
Business Standard

APSEZ to ride volume, market-share wave

Port operator aims to double its volumes to 1 billion tonnes by 2029

time-read
2 mins  |
December 04, 2024
Business Standard

Godrej Properties raises ₹6K cr via QIP

Godrej Properties has raised ₹6,000 crore through a qualified institutional placement (QIP), making it the largest such fundraise by a real estate company in India.

time-read
1 min  |
December 04, 2024
Business Standard

SBI MF launches multi-factor quant fund

SBI Mutual Fund (MF) on Tuesday announced the launch of SBI Quant Fund, which will take a multi-factor investment approach to allocate across the four 'style' baskets, which are momentum, value, quality, and growth.

time-read
1 min  |
December 04, 2024
Business Standard

Sebi for online monitoring of stockbrokers' system audit

Market regulator Securities and Exchange Board of India (Sebi) on Tuesday proposed online monitoring of stockbrokers' system audit by the stock exchanges.

time-read
1 min  |
December 04, 2024
Better execution needed to justify valuation for NTPC Green Energy
Business Standard

Better execution needed to justify valuation for NTPC Green Energy

NTPC Green Energy (NGEL) has gained over 30 per cent since its initial public offering (IPO) was launched at ₹108 a few days ago.

time-read
2 mins  |
December 04, 2024
Markets extend winning streak to 3rd day
Business Standard

Markets extend winning streak to 3rd day

The benchmark Sensex and the Nifty rose for a third straight trading session on Tuesday—the longest gaining streak since September—buoyed by gains in HDFC Bank and Reliance Industries, the two highest-weighted stocks.

time-read
1 min  |
December 04, 2024
India's mcap-to-GDP ratio third-highest despite correction
Business Standard

India's mcap-to-GDP ratio third-highest despite correction

The ratio of market capitalisation to gross domestic product (GDP) in India remains elevated despite the recent correction in the equities markets.

time-read
2 mins  |
December 04, 2024